Challenges and solutions in the aerospace industry

Specific product and quality demands, highly developed technologies, enormous safety regulations and long-standing, expensive programs lead to the fact that only the really specialized companies will survive in the long run. Because of the consolidation process this industry has to cope with changes in the customer-supplier relationships and partly with a work package relocation as well. More complex product packages including engineering services are given to system suppliers. At the same time powerful component suppliers enter the system business, selling more and more their product and process expertise.
In this context the aerospace industry needs to master several challenges:

 (1) The supply chain transformation leads to extensive and sustainable consequences for suppliers core processes within the complete order process chain. This includes the enhancement of customer relations for the acquisition of engineering services up to shifting of production for particular components in order to reduce costs. More than ever management and optimization of interfaces within these processes is becoming a competitive factor.
->Interfaces as process accelerators, Efficient customer order processing

(2) The development progress from a typical component supplier to a system supplier challenges the whole company and is often underestimated. Especially building up project management processes and -skills requires a lot of industry knowledge, project experience and change competence.
-> Product development projects in-time, in-budget, in-quality.

(3) Long-lasting projects, high safety requirements and the usage of leading-edge technology contribute to a high product complexity and thus target achievement becomes much more important. Integrating a maturity stage control into project management allows for transparency of the products stage of development over the whole project time.

Or can you get away with any project delays or postponement of approvals?